Boehner: It's Time to Shut Down TARP

http://gopleader.gov House Republican Leader John Boehner (R-OH) issued the following statement after House Democrats rejected a GOP motion-to-recommit that would have amended Democrats financial regulatory legislation (H.R. 4173) to shut down the Troubled Asset Relief Program (TARP) and require that TARP funds be used to pay down the national debt:

Today, House Democrats voted to continue TARP and go right on spending taxpayer dollars with reckless abandon. After a year-long spending spree, out-of-touch Washington Democrats are looking for money in all the wrong places to fund more of the same stimulus programs that arent working. Not only do Washington Democrats have no exit strategy for TARP, they want to keep the program alive so it can serve as a slush fund to bail out politicians.

"The American people are sick and tired of these open-ended bailouts and all this wasteful Washington spending. Taxpayer money paid back to the government should be used for debt reduction. Only Republicans are offering common-sense proposals to get government out of the bailout business and stop piling debt on our kids and grandkids.

NOTE: Democrats rejected a common-sense GOP motion-to-recommit proposal on the House floor today that would have amended Democrats financial reform legislation (H.R. 4173) to shut down TARP and require that TARP funds be used to pay down the national debt. The Republican motion-to-recommit also included a provision to lower the nations debt limit by an amount equal to that from shutting down TARP.

Category:

News & Politics

Tags:

• House
• Republican
• Leader
• John
• Boehner
• TARP
• Wasteful
• Spending

[NAGGERNUTZ]

Soon to be Speaker of the House John Boehner. Finally, sanity!

[rationalnow]

Keep fighting for us, Leader Boehner! Things are really beginning to turn our way. The GOP will re-gain control of Congress in 2010 and you will become the next speaker of the House! Sanity and financial responsibility will be returned to Washington, then!

[MrBoy219]

JOHN BOEHNER & HIS GANG ARE COMMITTING TREASON The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, [A rebellion which, by the way, is coming very soon to a state near you!!!!!] shall not be questioned.

[jiveturkeyusa]

Boehner is such a joke. How can this guy even sleep at night, He is a political whore for sale to the highest bidder. He begged Congress to vote for the bank bailout; the worst investment in American History.

[nwyt7]

Thanks for the Goldman Sachs heist Paulson, Bush, and Boehner.

[fifaworld2]

I found this video by watching the video of him crying to get TARP passed. The sweet irony.

[silverpizza100]

hOW COME THE nwo ISNT KILLING THIS GUY? HE SURE IS TAALKING A LOT..

[davidinellicott]

@Hillsillverr , yep he is the "puppet" that working middle class Americans hired to speak for us.

[IWLocal8]

@lpoursoi Yes he did - what a hypocrite!